Industrial production. Switzerland, 09:30 (GMT+2) 17 Nov

17Nov.202308:30

Industrial production. Switzerland, 09:30 (GMT+2)

At 09:30 (GMT+2), Swiss Q3 industrial production data will be published, which reflect the change in the output of industrial goods and utilities in the country, taking into account the manufacturing and mining industries, as well as the electricity sector. If the indicator continues its negative trend from the current −0.80% YoY, it will put pressure on the franc’s position.

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17 Nov. 2023 08:00

Retail sales. UK, 09:00 (GMT+2)

At 09:00 (GMT+2), October retail sales data will be published in the UK. The indicator monthly records the volume of all goods retailers sold based on samples of retail stores of different types and sizes. It is an important indicator of consumer spending and has a significant impact on gross domestic product (GDP). The figure is expected to adjust from –0.9% to 0.3% MoM and from –1.0% to –1.5% YoY, while the core value will increase from –1.0% to 0.5% MoM and will accelerate the negative dynamics from −1.2% to −1.6% YoY, putting pressure on the pound.

17 Nov. 2023 09:30

Speech by ECB President Christine Lagarde. EU, 10:30 (GMT+2)

At 10:30 (GMT+2), the Chairman of the European Central Bank (ECB) Christine Lagarde will speak. Investors are following the rhetoric of regulator representatives, trying to get hints about the prospects for the development of the EU economy in conditions of inflationary pressure.

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